Procurement and Contract Management

Procurement

How procurement manages the entire contract lifecycle

Goodbye manual contract work, hello automation. Create, send and sign contracts faster than ever. Your legal team can set the boundaries for the procurement teams to manage the entire contract lifecycle independently.

Book demo

"Since Precisely is so user-friendly, I can just set up the contracting templates that enable others to draft countless compliant agreements. Sometimes, I don’t have to be involved at all."

Karvan Guldstierna

Head of People at Key Solutions

Automate procurement contracting by letting procurement teams create, send, sign, and archive contracts faster using automated templates and workflows aligned with legal control.

Centralize all procurement documents –supplier agreements and sourcing contracts – live in one secure, searchable repository. Smart filters, reminders, and access controls ensure full visibility.

Reduce risk and free up resources with built-in workflows and automation, enabling procurement to focus on sourcing while legal retains oversight.

Automated workflows tailored for procurement

Precisely automates procurement contract templates and review workflows.

Legal defines the structure while your team handles daily sourcing and supplier agreements independently.

Archive showing _advanced_ filter precisely contracts

A searchable archive built for procurement needs

Contracts and documentation from all stages, post-signature or external intake, are stored, filtered, and accessed in one place with reminders and compliance tracking.

Insights and visibility for strategic supplier management

With metadata tagging and analytics, Precisely gives procurement teams real-time visibility into contract status, deadlines, and obligations, helping optimize spend and reduce risk.

Customers love Precisely. Across departments.

1,000

Balder manages nearly 1,000 companies with complex documentation needs

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500+

How ecosio handles 500+ contracts a year – stress-free

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50%

50% of contracts need no legal input at Adverity

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2 min

Setting up an NDA used to take NA-KD 10 minutes, but with Precisely it takes less than 2

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Ready to take the next step?

Book Demo

"Precisely delivered all the essential functions, like creating contracts, negotiating, e-signing, and archiving. It was very straightforward to operate and understand all the functions."

Maria Ellwood

Global Test Centre Relationship Manager at the British Council

"The time we save by using Precisely easily equals what a full-time employee would cost each month, which is a major efficiency improvement."

Karvan Guldstierna

Head of People at Key Solutions

"I have seen a lot of demos from competitors, but only Precisely could offer what we needed. They are not a supplier, but a partner."

Fiona Konetzky

VP of Legal & Compliance at Adverity

"We've chosen Precisely as a long term partner and we really appreciate their pragmatic and supportive approach to ensure our success with the platform. The CLM platform manages our advanced contract workflows well at scale and allows our legal team to share their workload in a controlled manner."

Markus Bertilson

General Counsel & Chief Compliance Officer at Food Folk Group

“We’ve gone from manual handling to a way of working where we’re one step ahead. It gives us both confidence and time to focus on other things."

Beatrice Löfling

Paralegal at Fastighets AB Balder

“What I loved most was that Precisely was so well-rounded. I felt like there was nothing missing and every aspect is just great. I don’t have to compromise on this or that.”

Wolfgang Vanas

Head of Legal at ecosio

FAQ

What is procurement contract management software?

Procurement contract management software helps organizations create, manage, and store supplier contracts efficiently. It streamlines workflows, ensures compliance, and reduces risk by automating key stages in the contract lifecycle.

How does Precisely help procurement teams manage contracts?

Precisely automates procurement contract creation, approval, and signing processes. It centralizes supplier agreements in a searchable archive, helping teams stay organized and compliant while saving time.

Can procurement teams manage contracts without legal involvement?

Yes. Precisely allows legal teams to set rules, templates, and approval flows so procurement can independently manage supplier contracts without compromising compliance or control.

Does Precisely support reminders for contract renewals?

Absolutely. Precisely includes smart reminders and automated notifications, helping procurement teams stay ahead of key contract dates, renewals, and obligations.